Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

TCS Launches Servitization Engine to Help Customers Embrace Subscription-First Business Models

Posted On: 2022-06-30 22:03:53 (Time Zone: IST)


Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has launched the TCS Servitization Engine on Oracle Cloud to help customers create subscription-first business models and provide outcome-based solutions with intelligent service capabilities. The engine offers an industry package with bundled combinations of products, services, support, self-service, and knowledge base that companies can leverage to add value to their core product offerings, along with robust front-end customer-facing solutions.

Changes in consumer behavior are driving organizations to switch from one-time product sales to subscription-based, as-a-service business models, a trend known as servitization. As product-centric business models often involve high procurement, operational costs, and high capex, organizations are adopting new technologies to enable servitization models, which can offer better margins, increased customer lifetime value for providers, and lower total cost of ownership to customers, with flexible consumption of products and services.

The TCS Servitization Engine offers a combination of a service-centric approach, data monetization, and product personalization to enable pay-as-you-go services. Built on TCS Crystallus™ for Oracle Cloud, the preconfigured model office framework leverages emerging technologies powered by TCS Research & Innovation, including predictive and prescriptive analytic insights and digitally interpretable knowledge for performance enhancement. The services can be coupled with TCS' Conversational Services products, which are enriched by contextual AI components.

With a focus on building recurring customer relationships, the TCS Servitization Engine solution helps by launching products across pricing models, integrating front- and back-office operations, and driving insights to the front office. Working with Oracle Cloud offerings, it enables business agility by accelerating time to market, growing and measuring the recurring revenue, and increasing the lifetime value of a customer by cross-selling, upselling, and improving customer retention.

"TCS' Servitization Engine solution leverages our functional knowledge with Oracle Cloud technologies and our deep expertise in evolving innovative business models, to help organizations reimagine their business strategies and embrace an outcome-based approach," said Prashant Shirgur, Global Head, Enterprise Application Services, TCS.

"TCS' Servitization offering allows Oracle's customers to better configure new subscription or industry-specific services," said Rob Tarkoff, Executive Vice President and General Manager, Oracle Advertising and Customer Experience. "This helps add streams of repeatable revenue income by tying together process flows and achieving a cleaner line-of-sight into revenue and service operations."

TCS' Oracle services include design thinking, advisory, innovation consulting, implementation, and other digital support services. With over three decades of a relationship built on a powerful framework for joint innovation and delivery, TCS and Oracle have been helping their clients apply innovation so they can anticipate and prepare for the next wave of technology disruption.

TCS is a member of Oracle PartnerNetwork and has hadmore than 600 successful cloud engagements across industries. TCS takes a consulting-led approach to solve issues of board relevance and drive customers' perpetual transformation journey through contextual, innovative last-mile solutions built in collaboration with Oracle and innovation partners.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3265.25 as compared to the previous close of Rs. 3291.05. The total number of shares traded during the day was 41813 in over 6177 trades.

The stock hit an intraday high of Rs. 3310.95 and intraday low of 3254.00. The net turnover during the day was Rs. 137112923.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Phoenix Mills Limited - Rating outlook revised to 'Positive', Rating reaffirmed

Gladiator Stocks - Sanghvi Movers - ICICI Direct

CIL Nova Petrochemicals's Manufacturing Plant shut down for maintenance work of Captive Power Plant

Birlasoft Ltd announces record date for buyback of equity shares

Getalong Enterprise Ltd updates on export orders in June 2022

Zee Media Corporation Limited announces resignation of CEO

Mahindra's Farm Equipment Sector Sells 39825 Units in India during June 2022

PVP Ventures Limited updates on corporate guarantee

CSL Finance Limited - Business Update for Q1 FY2022-23

Hero MotoCorp has sold 13.90 lakh units in Q1 FY202-23

Mazagon Dock Shipbuilders launches Fuel Cell Electric Vessel prototype

NFL records total Fertilizer Sale of 15.58 Lakh MT in April - June, 2022

Mafatlal Industries Ltd completes sale of Vrata Tech Solution Pvt. Ltd

Q1 FY2022-23 Business Update of Housing Development Finance Corporation Ltd

Brigade Enterprises Ltd arm updates on acquisition

Ashoka Buildcon Limited JV emerges lowest bidder for Rs. 611 crore project

Escorts Construction Equipment volume grew by 22.5 percent in June 2022

TVS Motor Company Sales Grows By 22% In June 2022

V-Mart Retail Ltd opens 11 new stores in Q1 FY2022-23

KVB Celebrates International MSME Day

Asian Granito's wholly owned subsidiary Future Ceramics commence work on Glazed Vitrified plant at Morbi

ARIES Agro Ltd gets two awards

Bharat Forge successfully completes acquisition of JS Autocast

WardWizard registers YoY growth of 127% for June'22 to June'21, Sells 2,125 units of electric two-wheelers

Mahindra Auto sells 26620 SUV's and 54096 vehicles overall in June 2022

NCC Ltd allots 70 lakh shares

Hindustan Foods completes acquisition of Reckitt Benckiser Scholl India Pvt Ltd

VA Tech Wabag Ltd resumes AGCC Russia project

APL Apollo Tubes Ltd Q1FY23 Sales Volume of 422,788 Ton

Mahamaya Steel Industries Ltd reports 6.75% MoM increase in sales for June 2022

Coal India's production sets record increase of 36 MTs in Q1 FY'23

Maruti Suzuki's sales in June 2022 at 155,857 units

Ashank Desai Awarded 'Lifetime Achievement Award' by Dataquest

NTPC commissions 100MW Ramagundam Floating Solar PV Project

Datamatics recognized in the 2022 Gartner® Magic Quadrant™ for Finance and Accounting BPO

EIL and CSIR-CSIO ink agreement for joint commercialization of Earthquake Warning System

Balkrishna Paper Mills Ltd shuts plant for annual maintenance

Man Infraconstruction to acquire stake in Royal Netra Constructions Pvt Ltd

Sundaram Finance announces demerger of the Fund Accounting Business of Sundaram Fund Services Limited

Steel Strips Wheels Ltd posts 35% YOY Growth in Net Sales in June 2022

Escorts Agri Machinery sold 10,051 tractors in June 2022

IRB Infra's SPV achieves receives Completion Certificate for its Hapur to Moradabad Six Laning Highway Project in Uttar Pradesh

PVP Ventures Ltd enters into agreement with Casagrand Builders for joint development

Wipro updates on sale of preferred stocks of Harte Hanks Inc

CSB Bank Ltd revises interest rates from July 1, 2022

Jubilant HollisterStier to expand its CMO manufacturing facility at Montreal, Canada

CCI approves proposed combination involving Google International LLC and Bharti Airtel Limited

MOIL revises product prices from July 1, 2022

Wonderla Holidays Ltd to expand its business to Bhubaneshwar, Odisha

Cosmo Films appoints Justin Glass as President for North America operations


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020